Forsta AP Fonden Lowers Position in Dell Technologies Inc. (NYSE:DELL)

Forsta AP Fonden reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,300 shares of the technology company’s stock after selling 10,000 shares during the quarter. Forsta AP Fonden’s holdings in Dell Technologies were worth $8,908,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $1,272,000. iA Global Asset Management Inc. boosted its holdings in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares in the last quarter. National Pension Service raised its holdings in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares in the last quarter. Sky Investment Group LLC bought a new stake in Dell Technologies in the 4th quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC bought a new position in Dell Technologies during the fourth quarter valued at approximately $848,000. Institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Citigroup cut their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $105.43 on Friday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The stock has a market capitalization of $73.85 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.22 and a beta of 0.92. The company’s 50-day moving average is $118.81 and its 200 day moving average is $118.40.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 EPS. Research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).